The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-07
B. & o. TELEGRAPH LINES.
The Western Union Purchases the Plant, Pay
ing Five Million Dollars for the Property.

New YORK, Oct. 6-Although the officials Of
the Western Union Telegraph Company decline
to make any statement formally in regard to
Baltimore & Ohio matters, it is given out by the
officials in informal way, under a promise to
use names, that the papers for the transfer
of the Baltimore s. Ohio telegraph to the West
ern Union have been signed The wires of the
former company are already virtually under
Western Union control The contract signed
includes not only the Baltimore & Ohio Tele-
graph Company's lines, but the wires and tho
exclusive right of-way of the railroad company.
This gives the Western Union, well. the right
to the wires the West Shore road. All the
avenues to New York by the trunk-lines are now
owned by Western Union, the only other wires
entering the city coming by highway.
George J. Gould said this afternoon, after
reading a statements that he had said. 1.-THE
facts in tho Western Union purchases of the B.
s. o. are as already stated" II never said any
thing of the kind. DR.. Green can tell you il
there is anything new I don't know whether
the story that he would give out detailed Off
cial statement this afternoon is true not.
There was a meeting of the executive commit
tee of the Western Union this morning. but
did not attend it. Mr.. Jay Gould is not in.'
DR.. Norvin Green was also out. Before leav-
ing his Office he had denied that there would be
a meeting of the stockholders to day.
Just before leaving his Office. Mr.. Jay Gould
said: I'VE have bought the Baltimore s. Ohio
Telegraph Company. We have paid for it, or
agreed to pay, the sum of $4,000. 000."
DR. Norvin Green said: "We have bought the
B. & O. telegraph We all it's lines and
property. We have paid for it. 1t is ours. The
terms our business. don't propose to tell
whether we paid for it in cash or stock. l say
that's our business; but we have got it and the
new ownership takes effect to-day. 1t begins
now, though for the present the lines will be
run under the present officers"
Jay Gould stated that payment was to be
made in Western Union stock
BALTIMORE, Oct. 6-The dispatch from New
York announcing the completion OF the deal Of
the Western Union for the Baltimore q Ohio
Telegraph Company created no surprise here.
1t is understood that the terms S., 600. 600 Of
annually by the Western Union of $50. 600. It
is thought that the Baltimore e Ohio telegraph
will be conducted without change for the pres
emit. The B. IL O. directors will meet on
Wednesday next. when the matter will be acted
upon. As the announcement was made
at the stock board Western Union advanced
from 773 to 78s.
PHILADELPHIA, Oct. 6.-The Select and Com
mon Councils passed resolution this afternoon
directing the law-offcers of the city proceed
to realize the bond of the Baltimore & Ohio
Telegraph Company for $50. 600. This bond was
given in 1888 and stipulated that the company,
in return for the privilege OF bringing it's wires
into the city, would not consolidate with any
other company. The purchase OF the b. & q.
by the Western Union led to the Councils ac-
ton.